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Back on the Kudlow Report at 7:00 pm this evening to discuss RE, mortgage mods, prices, foreclosures, and maybe even some housing.

We will cover:

Prices remain too high;

Negative Magazine covers suggest we are probably through the worst of this;

House prices have stabilized BUT

Housing market is facing a lot of headwinds: Weak household formation, soft job creation, Rates more likely to be higher than lower 5 years from now, etc.

Its likely to take a long while before we start seeing Housing show annual gains

As always, it should be fun.

Category: Media, Real Estate

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

20 Responses to “Media Appearance: The Kudlow Report (9/16/10)”

  1. TakBak04 says:

    BR…

    Obviously the Media is looking for a “FEW GOOD MEN” ….to TELL THE TRUTH…and You are IT!

    Enjoy it… It’s good…unfortunately they Build “Truth Tellers Up”….and then they “Bring Them Down.”

    You are smart enough to know and and “enjoy the ride” and still use them to get great Info Out There..the kind of Stuff….you want out there according to your research and views for years.

    GO FOR IT!

    Always enjoy your “Video Links” to these appearances. Keep it up!

  2. VennData says:

    Make a bet with Larry about interest rates.

    Bill Gross is making his bet…

    http://www.nytimes.com/2010/04/11/business/economy/11rates.html

  3. Wes Schott says:

    …ritholtz was on nbc nightly news this evening…

  4. VennData says:

    Whoops…. check out the date on that damn NYT article… Apologies.

  5. The Window Washer says:

    OK OK OK Barry,
    How much money are you running now?
    Hit a billion yet?
    Advertisment week at Fusion IQ

    I hope you hit the big B soon.

  6. obsvr-1 says:

    @# VennData Says:
    September 16th, 2010 at 7:35 pm

    Make a bet with Larry about interest rates.

    Bill Gross is making his bet…

    http://www.nytimes.com/2010/04/11/business/economy/11rates.html

    —-Reply
    Interesting to see the predictions on interest rates from the ‘experts’ quoted in the article … now they are likely pitching gold …

  7. obsvr-1 says:

    Link to the Kudlow segment w/BR:

    http://www.cnbc.com/id/15840232?video=1593102234&play=1

    BR perspective is realistic, the other dude “forget the gloom and doom” must be on retainer by the NAR

    if BR is correct regarding an additional 15% left to deflate on housing prices, then any buyer who puts down hard cash will be stepping into a first loss position on the new home and will realize that loss — it will take many years to recoup those losses. Until there is price stabilization in housing and more confidence in the economy it is hard to imagine a situation where buyers will be comfortable to step in front of the the failing knife or risk a trade up.

    The shadow inventory is growing and growing and when the banks actually start to report or are forced to report the non-performing loans then another round of pain will occur (its no wonder the banks are hording cash). De-leveraging a 10+ trillion debt load on a deflating asset base is just plain ugly and painful. Kudlows last statement “ashes to ashes, dust to dust, we all start out as renters and will end as renters” seems to be the reality of the time.

    But look on the bright side the market is going up and you can always buy that “no utility” precious metal — jump in the water feels fine ;-)

  8. Arequipa01 says:

    “We’ll cover:

    1) our bellybuttons

    2) Navel gazing and Keynesian stimulus

    3) Are you an innie or an outie?

    And finally

    4) The rest of world doesn’t exist…

    Hey Barry, if you win your gold coin bet, maybe you can buy Kudlow a pinstripe suit. He doesn’t seem to have any of those.

  9. call me ahab says:

    BR-

    good thing you are there- because you are so cool and have all the right answers- Genius? Perfect?-

    I’ll let you be the judge

    good reading for anyone who gives a shit-

    http://www.truthdig.com/arts_culture/item/the_great_american_stickup_is_bush_really_20100916/

  10. Petey Wheatstraw says:

    jeez, ahab, I got half a paragraph in and almost vomited into my own mouth.

    I remember this:

    A bunch of Republicans passing a tax break because Clinton’s surpluses would continue for at least the next 20 years under their stewardship, some secret meetings with the oil companies, and America was going to Mars.

    Next thing I know, tin roof shacks are selling for half a mil, we’re in two wars (we only lost $4 billion in cash in one, though), we have a surveillance state, half the people I saw every day spoke Spanish, jobs were going overseas, gas was at $4/gal., and China was teaching us a lesson about capitalism (also, fetal cells were children, evolution and the creation story were equivalent in validity, a woman with liquid where her brain used to be inspired an emergency session of Congress because liberals were trying to murder her, a US city drowned while the President vacationed, and gay marriage would be the downfall of the 48% of marriages that don’t end in divorce).

    Clinton did it?

    If he did, he’s an evil genius of comic book stature.

  11. call me ahab says:

    Petey-

    everything you said is on the money-

    but when you think Clinton-

    think Rubin-think Summers

  12. ToNYC says:

    Cheez Petey, chill a bit. CA will be passing Prop 19 in a couple of three weeks or so and the largest cash generator in the state….
    California’s economy is the largest of any state in the US, and is the eighth largest economy in the world.[1][2] As of 2008, the gross state product (GSP) is about $1.85 trillion, which is 13% of the United States gross domestic product (GDP)[3].(Wikipedia for CA GNP)
    …will be flipped a major bird and which have enormous repercussion in Mexico. There will be something to do with extra travel in/out of the State. Clinton will be visiting and inhaling this time.
    What will they do with a few more million altered values?
    Stay tuned and pay close attention.
    Free Market Capitalism is the best path to prosperity.

  13. Chief Tomahawk says:

    BR, that was a puzzling appearance. If we’re “half-way through the foreclosure process, with another 5 million yet to come”, coupled with a poor economy and limited new household formation, how are prices only going to fall another 15%? I know you’ve said it may drop further than 15%, but based on what you said tonight on Kudlow (ie the tremendous shadow inventory now and yet to come), I don’t see how we’re not to see another 33% fall (or more) from here.

  14. lalaland says:

    Damn, Petey – that’s some beautiful writing in my book.

    That made my night.

    BR – see that tornado? damn

    ~~~

    BR: It was insane !

  15. Drewbie says:

    C’mon Barry, GROW A PAIR!

    Ask him how his “Bush Bounce” is going?

  16. spigzone says:

    How can the ‘magazine index’ predict the worst is over when next year sees Peak Oil turning into Declining Oil?

    This tea parties just getting started.

  17. JustinTheSkeptic says:

    I’m buying lots of canned goods. Homemade weapons are in the making too! lol

  18. Greg0658 says:

    that was a spirited 11.5 minutes .. renting pays your landlords mortgage but are you in stable surroundings? ..
    ie: its all about cash flow churn in the area your planted in .. are you in an area importing more others $s than exporting your $s .. and does the area primarily share within its surroundings or export those $s by spending elsewhere ?

    That is why we need the Federal Reserve Bank System to get back out into the countryside equally and away from NYC centerbase … not that I, in the end condone this system much, but its the system of my lifetime

  19. JustinTheSkeptic says:

    Holding prices up has created an environment where there won’t be as much over-shoot on the downside and that means fewer buyers. Really Keynesians you need to rethink this thing. Yes, I’m concerned about those out of work, the indigent, but there is the other side of the economic body that needs to excrete itself. But let prices washout before you go supporting everything. Why piss into the wind, why throw good money after bad??????????????????

  20. Greg0658 says:

    PeteytoNYC .. a ps “control of the government is the best path to prosperity” .. they have laws, police, judiciary and jails and an act of control called marshall law .. so don’t forget the state of their pensions and healthcare insurance